Business Purpose HMDA – Fair Lending Risk and Update on CECL

Under new HMDA rules that became effective in 2018, certain lenders are now required to submit certain information obtained during the loan application and origination process. The HMDA rule includes business purpose loans that are secured by a dwelling. This presentation will discuss the implication of the HMDA disclosure, focusing especially on regulatory and compliance risks attendant with the disclosure requirements. In addition, I will discuss recent developments in the upcoming change to the Current Expected Credit Loss accounting standard, issued by the Financial Accounting Standards Board in 2016. 

Must be an American Bankers Association member to register for attendance.